GAP Insurance from ALA
Is Gap Insurance Worth It?
GAP Insurance will protect you if you write off your vehicle. It will ensure that you are not left out of pocket if you have a total insurance loss by covering any shortfall between your insurance pay out and the amount outstanding on the finance agreement.
Over half a million cars are stolen each year, most of these are written off or vandalised. Add to that the large number of accidents each year and you could be the next person to suffer a vehicle write off. A GAP policy will cover you against financial loss should your car be stolen and/or written off.
Most of us think our Comprehensive Motor Insurance covers us if our vehicle is written off. THINK AGAIN!
If your vehicle is written off your motor insurer will only pay the current market value for your vehicle!
So what happens if the current market value is not enough to replace your vehicle or pay off your finance or contract hire agreement?
Simple, there is a financial GAP that you will have to pay out of your own pocket.
Why should I buy GAP Insurance?
- UK Car Crime is a third of all crime
- A vehicle is stolen every minute, 33% of these are never recovered
- Cars depreciate by up to 77% over a 3-year period
- Motor insurance settlements are always less than the price you pay for your car
- When a write off occurs you lose out and have to raise the funds for any short fall
- Write offs occur all too often; protect yourself
Our Latest Testimonial
Highly recommended from customer reviews and dealership quotes were double your price. Excellent website, very clear and precise. Peace of mind should the car be written off, and these days it’s the standard of driving that is of concern to me
ALA Insurance Brokers.
ALA IB Limited trading as ALA Insurance Brokers is Authorised and Regulated by The Financial Conduct Authority. FCA Firm Reference No 571109. Consumer Credit Licence 0649578.
Registered in England, number 06833207. Registered office: ALA IB Limited, Unit 3, Park Farm Courtyard, Easthorpe, Malton, YO17 6QX
All ALA offers are subject to our fair usage terms and conditions.
Authorised and Regulated UK Based Insurance Brokers.